The state government has given an in-principle approval to such a proposal prepared by the power company.
Now, GUVNL will file a petition before Gujarat Electricity Regulatory Commission (GERC) in this regard. If GERC clears the proposal, around 80 lakh consumers shall have to shell out around Rs 1200 crore more over the next three years.
GUVNL has not increased power tariff after 2001-02. However, the company has hiked fuel surcharge under the (Fuel Price and Power Purchasement Agreement) FPPPA formula. As a result, consumers have had to pay Rs 1900 crore more in the past six months.
GUVNL has sought the tariff revision in the wake of high price it has had to bear in purchasing power